Koshinski Asset Management Inc. Has $7.04 Million Position in Capital Group Municipal Income ETF $CGMU

Koshinski Asset Management Inc. increased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 21.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,043 shares of the company’s stock after purchasing an additional 44,787 shares during the period. Koshinski Asset Management Inc. owned approximately 0.16% of Capital Group Municipal Income ETF worth $7,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in Capital Group Municipal Income ETF by 18.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after buying an additional 1,573,897 shares during the period. Blue Chip Partners LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 2,093.0% in the second quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock valued at $40,513,000 after buying an additional 1,448,696 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Municipal Income ETF by 35.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock worth $132,851,000 after acquiring an additional 1,314,330 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 111.4% during the second quarter. Vestmark Advisory Solutions Inc. now owns 1,948,750 shares of the company’s stock worth $52,012,000 after acquiring an additional 1,027,021 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 36.5% during the second quarter. Osaic Holdings Inc. now owns 2,033,631 shares of the company’s stock worth $54,300,000 after acquiring an additional 543,338 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.1%

CGMU opened at $27.85 on Friday. Capital Group Municipal Income ETF has a 12 month low of $25.83 and a 12 month high of $27.86. The firm’s fifty day simple moving average is $27.56 and its 200 day simple moving average is $27.34.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were given a dividend of $0.0675 per share. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 30th.

About Capital Group Municipal Income ETF

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.